Consider the following information for Federated Junkyards of America. Debt: $75.000.000 book value outstanding. The debt is trading at 90% of book value. The yield to maturity is 9%. Equity: 2,500,000 shares selling at $42 per share. Assume the expected rate of return on Federated's stock is 18% Taxes: Federated's marginal tax rate is te = 0.21. Calculate the weighted-average cost of capital (WACC). (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Weighted average cost of capital %